Company Poised for Strong Foothold in the State as the Industry Primes for a 2020 Vote on Recreational Use

SEATTLE — POSaBIT Systems Corporation (CSE: PBIT), a leading financial technology company delivering unique blockchain-enabled payment processing and point-of-sale (POS) systems for cash-only businesses with a focus on the cannabis industry, has begun implementing its services in Arizona’s cannabis sector, with an initial focus on cannabidiol (CBD). Over just two years, the company has managed millions of cannabis and CBD transactions and expanded its footprint across some of the industry’s largest markets, including California, Washington, Nevada, Colorado, and Oklahoma.

“Arizona is an important market to us and one that we’re thrilled to support,” said POSaBIT co-founder and CEO, Ryan Hamlin. “Part of our growth strategy is to enter new markets as soon as the…